bluey ... a silver vs. everyones favourite ... porkbellies could be THEE chart of 2004

 

then again ... cotton vs porkbellies vs. silver vs. coffee ... hmmm ...

just buy the "cheap" commodity and sell the "expensive" one............sort of like nifty fifty investing

Sapper.....BHP Bilton ....the huge mining conglomerate.........profits up 30%......said that because of huge profits in copper.......many copper massive copper mines are about to reopen and some new ones commisioned........a byproduct of these mines is silver.........and these mines will most likely put a glut of silver onto the market starting by next year...surpressing the price of both copper and silver.......to new lows

Bluey,

Thanks for the feedback, don't be offended if I choose not to follow.

You continue to look at silver/gold as commodities for which there will be ample supply, and you may well be proven correct.  Or Not??

 

I will look into BHP, because part of the power of some of these guys is the true commodities that spin off their operations as by products.  In many cases, the cost of mining the by products has been absorbed by the primary and for all intents is free.

Both CDE and HL have other commodities they recover.  So does FCX.

 

My question was not  "Should I buy Silver?"  I know the answer to that.

My question was - "Between CDE and HL, which has the greatest potential (or by default the least risk) from here going forward."

 

For myself, I will reserve the right to be stupid and foolish and continue to invest in Silver until something in the marketplace advises me different.  For the past year, my ignorance has served me quite well. 

HL has the greatest ability to appreciate....if silver prices go up.....there are more reserves backing each share

Thanks - that was the answer I was looking for.   

I suspected the same, but have no explanation for why CDE has appreciated so rapidly (had something changed?) and didn't know if it were likely to continue. 

As I am out of both right now, perhaps I will opt for HL this time when I am ready to go back in again.  Is HL also heavy into Gold, or what would explain its lack of movement??

 

Since Dec 2, the most recent "top" for the Metal shares as a whole,

the primary silver have done the following:

cde    + 28%

fcx     - 8.6%

hl       - 7.5%

paas   + 25%

ssri     + 31%

palladium has done:

pal   + 27%

swc  + 43%

and for reference, the HUI and XAU are -10.5% and cef is + 6.2%.

Do you happen to know a good silver index??

 

killin' me! too funny

sapper ... ignorance makes for nice returns eh? 

 

you failed to mention ECU ...

+ 89% since my nov 24 buy date

+ 97% since my dec 12 buy date

+46% since my jan 19 buy date

+42% since my feb 10 buy date

+12% since i sold 15% of it a couple days ago

 

lol ... oh well ...

 

by the way bluey ... sold all my LQW for a 10% gain a few days ago ... i bailed because i decided i didnt trust this thinly traded thing ... then today it went up nearly 19% ... thanks for the initial coverage ... only wish i had held a few days longer!

re: LQW chart ... yea i know ... but decided i have issues with thinly traded stocks in general ... even though i have some miners like that ... didn't want to trust LQW ... looks like i got it wrong ... regardless, 10% in 6-7 weeks i'll take all day any day!

it would tie into my ignorance thimg ... that pearl swine type stuff  

LQW has a couple of store is small towns around Ottawa......one in Kemtville and one in Smith Falls.........they seem to buy up closeouts, last years merchandise (like they will be flogging lawnmowers in January at 40% of the normal selling price.......their stock changes from day to day.........

 

What you have now is giant box stores.......and these LQW move the ods and ends and leftovers and seasonal stuff.........last years snow shovels in july

i should have stuck with it but i won't bother at this point ...